FY2017 EPS Estimates for Limbach Holdings, Inc. Lowered by Analyst (LMB)

Limbach Holdings, Inc. (NASDAQ:LMB) – Equities research analysts at DA Davidson reduced their FY2017 earnings estimates for shares of Limbach Holdings in a report released on Wednesday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $0.21 per share for the year, down from their previous forecast of $0.39.

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A number of other brokerages also recently weighed in on LMB. Zacks Investment Research downgraded shares of Limbach Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Roth Capital set a $18.00 price target on shares of Limbach Holdings and gave the stock a “buy” rating in a report on Friday, August 18th.

Shares of Limbach Holdings (NASDAQ:LMB) opened at $12.50 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64. Limbach Holdings has a 52-week low of $11.14 and a 52-week high of $15.95.

A hedge fund recently bought a new stake in Limbach Holdings stock. Arbor Wealth Management LLC bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,281 shares of the construction company’s stock, valued at approximately $220,000. Arbor Wealth Management LLC owned 0.22% of Limbach Holdings at the end of the most recent quarter. Institutional investors and hedge funds own 22.24% of the company’s stock.

About Limbach Holdings

Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

Earnings History and Estimates for Limbach Holdings (NASDAQ:LMB)

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